mortgage: Rates continue to go down!
- 10/24/07 11:29 AM
Well once again the rates have gone down a little bit more. I've noticed that business is definitely picking up. Can't be sure if its because of the better rates, but they sure don't hurt the market. I guess we'll have to wait and see if these keep coming down. The 10 year bond is extremely low today. That should drive rates down even further. … (1 comments)
mortgage: Conforming Loan Limit
- 09/18/07 01:27 PM
As I sit and look at the jumbo rates right now. It doesn't look to good for the high end market. The recent credit crunch has forced lender to raise rates on anything they can't sell off to Fannie mae or freddie mac. We need the conforming loan limit increased as the rates aren't very affordable on jumbo paper right now. Let's hope they either raise the conforming loan limit or lenders start lowering jumbo nonconforming rates. … (6 comments)
mortgage: Rate Cut by the Fed!
- 09/18/07 01:15 PM
For those of you living under a rock. The feds cut rates today by 1/2%, which is even a larger cut then expected. In response the conforming rates have already started to come down. Now the big question is, what will this do to our market? Well that depends on how far rates fall. With money being cheap to borrowers, it will allow more borrowers to be comfortable with mortgage payments. However, with the recent credit crunch it isn't as easy to qualify borrowers as before. Well, we'll just have to wait and see. Good luck to everyone out there! … (7 comments)
mortgage: Foreclosure Bailout programs Now available!
- 07/11/07 10:41 AM
I have just had some new programs made available to me. Sub 500 FICO score on stated income to 70% LTV foreclosure bailout. As a last resort to foreclosure these programs may work for people. As ARMs are adjusting and rates are going up mortgage payments will rise and people won't be able to handle their payments, as we've already seen. Its time to get into a fixed rates mortgage before it's too late! … (2 comments)
mortgage: Bad Credit? I can Streamline you out of your adjustable rate mortgage!
- 06/14/07 02:11 PM
I have a program that just became available to me where I can streamline refinance (rate and term) a client out of their adjustable rate etc. with a FICO score as low as 560! I'm not sure how long this will last so please let me know if you or anyone you know would be interested. Remember when I mentioned foreclosure bailout programs around the corner well I think this might be a sing of that beginning. Let's hope! Please remember we do loans in all 50 states! … (3 comments)
mortgage: Do you want a great lender?
- 05/31/07 01:01 PM
I know some of you realtors out there wish your lender worked like you do, or would communicate with you more during the transaction. What if you didn't have to worry about the loan aspect of the transaction and you could just focus on your job? Well I'm your solution to those problems. I work 24/7! Yes that is correct, you can call me anytime. We close loans fast an on time. I Cc my realtors on all e-mails and ensure they are kept in the loop on everything. Communication is the key to a smooth transaction. I understand that even … (0 comments)
mortgage: Interest Rates Rising
- 05/31/07 12:01 PM
Well as most of you know rates have been rising the past few weeks. Lenders are nervous that the Fed may raise rates in August. This week rates rose from an average of 6.37% on 30 year fixed to 6.42% on 30 year fixed, according to Freddie Mac. Though rates are up a bit, they are still good and it is still affordable to buy or finance. I don't see rates going down unless the Job market takes a big hit. We'll all have to see in August though... … (2 comments)
Well once again the rates have gone down a little bit more. I've noticed that business is definitely picking up. Can't be sure if its because of the better rates, but they sure don't hurt the market. I guess we'll have to wait and see if these keep coming down. The 10 year bond is extremely low today. That should drive rates down even further.;)
;)
